SMT Enters US Construction Equipment Market with Acquisition of Texas-based ROMCO Equipment Co. |
DALLAS, March 11, 2022 /PRNewswire/ — SMT, a leading distributor and service partner for the equipment and transportation industry based in Brussels, Belgium extends its network to United States with the acquisition of ROMCO Equipment Co. and its operations across Texas. The closing of the sale was March 9, 2022 and represents the transfer of ownership of the twelve ROMCO offices to Austin, Carmine, fort worth, Long-term vision, San Antonio, Buffalo, corpus Christi, dallas, Houston, MidlandRio Grande Valley, and Stephenville. This family business operating under the Mullins family since 1961 is the exclusive Volvo Construction Equipment distributor in most Texas.
Like ROMCO, SMT is also a family business representing over 75 years of experience in the construction equipment industry and currently operates in thirty countries in Europe, Africa, and now the United States. The company, considered a successful dealer by Volvo, provides advanced solutions to the industry. “We are excited to expand our network in the United States by acquiring ROMCO’s successful operations in Texas” said Jérôme Barioz, CEO of the SMT Group. “We believe that ROMCO will benefit from SMT’s know-how and global investments in systems and solutions in order to be number one in terms of availability, productivity and satisfaction. customer base in this growing market,” he added.
Likewise, SMT is delighted to benefit from ROMCO’s more than sixty years of experience in the Texas market and plans to invest more in rental activities, technical upgrades and employee development programs.
“The end has come for the Mullins family’s involvement in ROMCO, but it’s a brilliant new beginning under SMT ownership.” share Robert Mullinsowner and CEO of ROMCO, Inc. “The construction and mining industries have been part of my life since I was a young boy following my father, the founder of ROMCO Robert O. Mullins” he added. Mullins also said, “SMT will provide the leadership and resources needed to meet the future of the industry. I will truly miss all of the great employees and customers I have had the privilege of being associated with over these 50 plus years.”
Charlie ClarksonPresident of ROMCO added, “We look forward to writing the next chapter with SMT. With their global reach, we will be able to elevate the level of customer offerings and support.
“We welcome SMT as a seasoned partner who brings a wealth of global experience with the Volvo CE brand. I am confident that their innovative mindset and advanced approach to customer service will benefit both ROMCO and Volvo customers in the territory. the legacy of customer support by the Mullins family and I wish Robert the best in his future endeavours,” said Stephane Roypresident of Volvo Construction Equipment Region Americas.
About ROMCO: ROMCO, Inc. is a family business based in Dallas, TX since 1961 with 290 employees. It is the parent company of ROMCO Equipment Co., ROMCO Paving Equipment, ROMCO Power Systems and Material Processing Systems. Each division serves Texas construction and mining markets with quality products and customer service. ROMCO’s wholly-owned subsidiary, Material Producers Construction Services, provides installation and maintenance services in support of the products ROMCO sells to the building materials industry. In addition to Volvo Construction Equipment, ROMCO also offers the following product lines: GOMACO; CemenTech; Sandvik; Hitachi; ASV; Atlas Copco; Yanmar; Finnish; Kafka; McLanahan; Superior; telestack; K-Tec; Terramac; Atlas; Mantsinen; Lee Boy; Bearcat; Phoenix; Kent FRD and Genesis. For more information, visit www.romco.com.
About SMT: SMT is one of the Volvo Group’s most important partners with a presence in 30 countries across Europe, Africa and now in United States. SMT implements its high standards and creates value for its customers and suppliers through its more than 1700 employees. For more information, visit www.smt.network.
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ROMCO EQUIPMENT CO.